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20130318
20130326
Search Results 0 to 13 of about 14 (some duplicates have been removed)
as obama scares us into thinking it is. we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right? while i don't expect a grand bargain in washington, i think that's off the table, it's always possible and if that happens and you're short the market, betting against it or don't have enough stock, you will be left behind. you will be crushed. you short the market, we get a grand bargain, one solution. second, the brinkmanship game in europe could get resolved with some solution we don't know about yet that w
can make them in government, pollute the air, cheap energy for the factory and low shipping costs? that's become the american way. i'm calling it continental-cide. confiscating deposits will inspire fear when confidence is needed. fear makes people act differently. it takes away the confidence they need for the future. that tightens credit. never forget that the entomology of credit is the latin word credere, which means to believe. how can you believe in a continent or currency that can have your money locked down or crunched as in cyprus? i can't get credit to build and credit to buy, can't get cash to eat. so that spills over to our industrials. many of our companies need european credit to get people there to buy our goods. you can see how worldwide slowdown could be viewed as in the wind. that's why caterpillar and deere have been going down. you need credit to buy capital goods like they sell. dead cat not bouncy. bambi's mom getting shot at. that's caterpillar and deere. thumper's had better days. the classical cyclicals gravitate to homes. they are both positive for the u.
was rotten to the core. a place for the russians to hide money from the government. if these banks were in the united states they would have been seized a long time ago so any testament to the cluelessness and phony supervision of the brain dead european regulators that it ever got out of hand like this. service. we're in big trouble. who knows? it could happen here probably around the corner. and that's when i blew my top. first, our banks are the best regulated in the world despite what senator elizabeth warren and chief prosecutor -- i'm sorry, chief reporter gretchen morganson from the new york times might tell us. it's not going to happen here and while i think it's always right to worry about the italian banks because they're poorly capitalized, i'm not going to saber rattle and make you fearful of wells fargo or huntington bancorp or first horizon or j.p. morgan. love 40, i say. no, no, game! at that point it was my turn to serve. i had no more patience. to each and every bear and by my account there were a dozen of them, i ask what does the cyprus crisis have to do with the pric
perspective, it is hard to construct a new refinery. just getting a permit from the government can take many years, especially since nobody wants a refinery in their backyard. it can take two to three years when already cited or the time frame to do the build-out. that's why a refinery has not been built in the united states since 1976 and why you rarely see any large scale expansions of existing refineries because it is tough to invest in a business to wait six years before you get paid back. they are protected from outside competition and the way the industry works they are protected from each other. since no one spends billions to undercut the others on price, hey, there's not any price wars. and to me that's exactly what we look for in a slap happy oligopoly. let me throw in the fact in the last three years, we have seen, and this is why it's so profitable, we have seen an explosion in domestic oil and gas production. the shale fines, many people have been surprised by the newfound oil that the price at the pump has not come down and gotten cheaper. you know why that hasn't happened? one
, nbc, abc, cbs and the cable thing wrecked that. heavily regulated by the government, though. and the auto industry, ford, gm and chrysler forced out the rivalries, but then had to deal with international competition which destroyed the dominance of the big three. but the rental car companies, they don't have to worry about foreign competitors. this industry is tied to economic activity capacity and both are going in the right direction for the likes of hertz and avis with a stronger economy boosting demand and reduced capacity that allows them to boost prices. aided by an east coast storage rental cars from superstorm sandy. with 94% of the industry in the pocket of the top three players, they don't have to worry about nasty things like price wars. who try to gain market share by undercutting the big boys. those smaller operators are gone! pretty much. this is a beautiful oligopoly. the businesses are in great shape. what do we do? we can't buy enterprise, privately held, and staying that way. so the choice is between hertz and avis. since the beginning of the year, the stoc
Search Results 0 to 13 of about 14 (some duplicates have been removed)